Howard Bancorp: 4Q Earnings Snapshot

BALTIMORE (AP) _ Howard Bancorp Inc. (HBMD) on Tuesday reported fourth-quarter net income of $5.9 million.

The Baltimore-based bank said it had earnings of 31 cents per share. Earnings, adjusted for non-recurring gains, were 27 cents per share.

The bank holding company posted revenue of $28.2 million in the period. Its revenue net of interest expense was $22.9 million, which beat Street forecasts.

For the year, the company reported net income of $16.9 million, or 89 cents per share, swinging to a profit in the period. Revenue was reported as $90.3 million.

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Howard Bancorp shares have fallen slightly since the beginning of the year. The stock has increased roughly 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBMD at https://www.zacks.com/ap/HBMD

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